What does available balance and actual balance mean?
Herein, why is my account balance and available balance different?
Your account balance is the total in your account. Available balance represents the funds you are able to withdraw, transfer and use. For transactions or savings accounts, the available balance may be more than the account balance because of an arranged overdraft.
Likewise, what is the difference between posted balance and available balance? Your posted balance is the actual amount of money posted in your account as of the previous banking day. Your available balance is the amount of money you have to draw upon, which can change throughout the day with any bank activity such as deposits, withdrawals or debit transactions.
Hereof, can I use my actual balance?
Keep in mind that while debit card transactions will be reflected in your available balance, not all transactions will be 'held' or listed as 'Pending' on your account. For example, if you use Bill Pay, these transactions will not be reflected in your account balance until they are paid.
How long does it take for current balance to become available balance?
Your Current Balance shows Posted Transactions including any recent payments made to your Account. Your Current Balance will be updated when your Pending Transactions are posted to your Account which can take 3 to 5 business days.